Following Stocks Reached New High / Low on 31/03/2014
31/03/2014 - Top 10 Contributors to Change ASPI
Top 10 Gainer / Loser / Turnover / Volume for the day
Foreign Activity for the day
Monday, 31 March 2014
31-Mar-2014 CSE Trade Summary
31/03/2014 - Top 10 Contributors to Change ASPI
Top 10 Gainer / Loser / Turnover / Volume for the day
Quote for the day
"You don't need complicated Einstein formulas to make money in the markets. You do need to be disciplined and comfortable with yourself. No matter how good of a trader you think you are, the market are always going to screw with your head and test your mental fortitude. Remember, survivors are also the ones who make up the market's success stories." - Curtis Faith
Company Fact Sheet: Overseas Realty (Ceylon) PLC - OSEA:N0000
About the company:
Established: 1980 Quoted Date: 1982-01-01 Sector: Land & Property
Chairman: Mr Shing Pee Tao
Deputy Chairman: Mr Hussein Zubire Cassim
Group CEO: Mr Pravir Dhanoush Samarasinghe
Board of Directors:
Mrs Rohini Lettitia Nanayakkara
Mr Mildred Tao Ong
Mr Melvin Yap Boh Pin
Mr Melvin Yap Boh Pin
Mr Tao Ben Nien (Alternate to S.Pee Tao)
Mr M.B. Pererira (Alternate to M.Tao Ong)
Mr Lee Kang Ho (Alternate to M.Y. Boh Pin)
Mr Ajith Mahendra De Silva Jayaratne
Mr En Ping Ong (Executive Director)
Mr M. Pereira
Mr Leslie Ralph De Lanerolle
Mr Tissa Kumara Bandaranayake
Mrs Ranee Jayamaha
Mrs Ranee Jayamaha
52 Weeks Low: 13.90 52 Weeks High: 21.50
Average Trading Volume: 57,440
Company Financial at a glance:
Notes:
1. 69,057,200 Ordinary Shares of the Company were allotted on 11th September 2006, pursuant to a 7:50 Rights Issue @ Rs. 15.00.
2. 281,161,453 Ordinary Shares of the Company were listed on 24th November 2010, pursuant to a 1:2 Rights Issue @ Rs. 15.00.
2. Exercising of options under employee share options scheme, 25,304,530 shares supposed be issued at the market price at the time of grant or the Volume Weighted Average Price 30 market days prior to grant which ever is higher.
Total shares in Issue: 843,484,359
1. 69,057,200 Ordinary Shares of the Company were allotted on 11th September 2006, pursuant to a 7:50 Rights Issue @ Rs. 15.00.
2. 281,161,453 Ordinary Shares of the Company were listed on 24th November 2010, pursuant to a 1:2 Rights Issue @ Rs. 15.00.
2. Exercising of options under employee share options scheme, 25,304,530 shares supposed be issued at the market price at the time of grant or the Volume Weighted Average Price 30 market days prior to grant which ever is higher.
Total shares in Issue: 843,484,359
Top 20 Shareholders as at 31/12/2013
The percentage of Shares held by the Public as at 31st December 2013 was 16.64%.
The percentage of Foreign Holding as at 28th February 2014 was 86.29%
Sunday, 30 March 2014
Saturday, 29 March 2014
Quote for the day
“Conservatism in moderate doses is a critical characteristic for market success, but conservatism may be carried to profitless extremes just as easy as radicalism. A healthy mingling of decisiveness and conservatism is the ideal mixture for the successful trader, as for most other careers as well.” - Richard Schabacker
New Traders and Rich Traders Speak Different Languages
New traders and rich traders speak different languages. They see the markets differently. New traders see the riches and rich traders see the risks. New traders see the possibilities while rich traders see the probabilities. New traders want to get rich quick while rich traders got rich slowly. New traders love to imagine potential profits while rich traders always do the math. There is a language barrier.
Here are the big differences in their vocabulary and how they see the markets.
New traders have ‘picks’, rich traders have “high probability entries”.
New traders “make great calls”, rich traders have robust systems.
New traders have ‘conviction’, rich traders follow price action.
New traders have ‘opinions’, rich traders follow trends and chart patterns.
New traders look for tips, rich traders look for risk/reward ratios that are in their favour.
New traders ‘like’ certain stocks, rich traders like to make money.
New traders make predictions, rich traders have quantified entries and exit levels.
New traders ‘go all in’, rich traders have maximum bet sizes.
New traders are gamblers, rich traders are casinos.
New traders have hope, rich traders have mathematical probabilities.
New traders have ‘picks’, rich traders have “high probability entries”.
New traders “make great calls”, rich traders have robust systems.
New traders have ‘conviction’, rich traders follow price action.
New traders have ‘opinions’, rich traders follow trends and chart patterns.
New traders look for tips, rich traders look for risk/reward ratios that are in their favour.
New traders ‘like’ certain stocks, rich traders like to make money.
New traders make predictions, rich traders have quantified entries and exit levels.
New traders ‘go all in’, rich traders have maximum bet sizes.
New traders are gamblers, rich traders are casinos.
New traders have hope, rich traders have mathematical probabilities.
Source: www.newtraderu.com
If trading psychology is a issue for you
If you talk to many very successful traders they know the importance of trading psychology. But they are not consumed by it. In last 10 years I have interacted closely with many successful traders, few market wizards , and some hedge fund people, none of them had ever hired a trading psychologist. And most of those people are at top of their game. The key to their success is their belief system.
But if you talk to struggling traders they often think trading psychology is important and some claim it is the most important thing. If psychology is an issue for you and you think it is affecting your trading , what concrete steps can you take to resolve it.
There is lot of talk of trading psychology , but what exactly are the 3 or 5 things you can do to improve your psychology.
If you want to increase your muscles you go and lift weight
If you want to improve your stamina, you go and run daily
If you want to reduce weight you eat less and exercise more
What exactly do you need to do to improve your psychology.
There is lot of talk of trading psychology , but what exactly are the 3 or 5 things you can do to improve your psychology.
If you want to increase your muscles you go and lift weight
If you want to improve your stamina, you go and run daily
If you want to reduce weight you eat less and exercise more
What exactly do you need to do to improve your psychology.
First starting point if you want to improve your psychology is by examining your beliefs
You can only trade what you believe in.
Your beliefs drive your behaviour.
If you believe only way to trade is using mechanical methods ( that is a belief) and as a result all your behaviour will flow from it.
If you believe one should only trade triple ETF and not waste time on individual stocks (that is a belief) and as a result all your behaviour will flow from it.
If you believe that only way to trade is with big risk (that is a belief) and as a result all your behaviour will flow from it.
Every trade has deeply held beliefs. The bundle of deeply held beliefs drive what kind of set-up they will trade, what kind of time frame they will trade and also all elements of trade like entry, exit , risk, and number of positions held.
Beliefs are not necessarily based on science or logic. In trading there are many beliefs based on to others pseudo-science . Personally I would never trade based on Elliott Waves , because it is not in line with my belief system. I believe it is not scientific and hocus focus. But there are traders who build their entire trading around it.
Your beliefs drive your trading actions. If you want better results in your trading you start by examining your beliefs about market, how they operate and about your trading and beliefs behind those trading decisions. A critical study of them might show you where you need to fix things.
It is difficult to change beliefs. Contrary to what self help books and many motivational authors and speakers will tell you it is not easy to change beliefs. Beliefs persist for lifetime in some people. So much of human behaviour is driven by beliefs. Religion survives because people are driven by beliefs.
When you are kid you have many simple beliefs, like monster exist or eating sweets will lead to cavities, or my parents are going to be forever, but as you grow and get exposed to science your beliefs change.
New knowledge and new discovery leads to change of beliefs. Same thing with markets and and trading. More you educate yourself and expose yourself to different beliefs you will re examine some of your deeply held beliefs and start changing them. Your surroundings and people you interact with also helps to change or reinforce your beliefs. If you want to change beliefs change your surroundings, friends, family and incentive structure.
For traders same thing applies. If you hang around with traders who all the time whine and "believe" market is manipulated, you will also imbibe same beliefs, you will get rewarded in that setting for those beliefs. If you change that and say start interacting with a highly motivated trader with 10 year plus track record and no negative years , your beliefs will change. In that setting you will not be rewarded for your beliefs about manipulation.
First starting point if you want to improve your psychology is by examining your beliefs
Align your beliefs with market structure by educating yourself about how markets work. Align your belief with what has shown to have worked in the market based on history and statistics. Align your belief with a style of investing growth, value, contrarian investing. Align your belief with time frame (day trade , swing, position). Align your belief with right kind of market paradigm
Quote for the day
"When events have thinking participants, the subject matter is no longer confined to facts but also includes the participants’ perceptions. The chain of causation does not lead directly from fact to fact but from fact to perception and from perception to fact." - George Soros
Friday, 28 March 2014
28-Mar-2014 CSE Trade Summary
Following Stocks Reached New High / Low on 28/03/2014
Crossings - 28/03/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_339_28-03-2014.pdf
Top 10 Gainer / Loser / Turnover / Volume for the day
Foreign Activity for the day
Company Fact Sheet: C T Land Development PLC - CTLD:N0000
About the company:
Established: 1983 Quoted Date: 1988-03-22 Sector: Land & Property
CT Land Development PLC is a Sri Lanka-based company mainly engaged in property development. It is the owning company of Majestic City, a shopping mall-cum-entertainment complex. Majestic City incorporates a diverse range of shopping outlets, a food zone, supermarket, children's amusement center, banks and the cinemas. It also operates parking lots. The Company is part of the CT Holdings Group of Companies. During the fiscal ended March 31, 2012, the Company completed the refurbishment of the fifth floor of the Majestic City complex and set up three new cinemas.
Chairman: Mr R. Selvaskandan
Deputy Chairman/Managing Director: Mr J.C. Page
Board of Directors:
Mr A.T.P. Edirisinghe
Mr A.D.M. De Alwis
Mr Anthony A. Page
Mr L.R. Page
Mr Sunil Mendis
Dr T. Senthilverl
Mr S.C. Niles
Ms M.G. Perera (Finance Director)
52 Weeks Low: 23.50 52 Weeks High: 36.00
Average Trading Volume: 1,900
Company Financial at a glance:
Total shares in Issue: 48,750,000
Top 20 Shareholders as at 31/12/2013
The percentage of Shares held by the Public as at 31st December 2013 was 26.53%.
The percentage of Foreign Holding as at 28th February 2014 was 2.68%
Thursday, 27 March 2014
Quote for the day
"Never get into the market because you are anxious from waiting, and never get out of the market just because you have lost your patience." - WD Gann
27-Mar-2014 CSE Trade Summary
Following Stocks Reached New High / Low on 27/03/2014
Crossings - 27/03/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_487_27-03-2014.pdf
Top 10 Gainer / Loser / Turnover / Volume for the day
Foreign Activity for the day
Company Fact Sheet: John Keells Hotels PLC - KHL:N0000
About the company:
Established: 1979 Quoted Date: 2004-09-17 Sector: Hotels & Travels
John Keells Hotels PLC is an investment company. The Company, through its subsidiaries and joint ventures, is engaged in hoteliering. The Company manages a portfolio of holdings consisting hoteliering business, which together constitute the John Keells Hotels Group. Cinnamon Bey Beruwala is a 200 roomed hotel. Its hotel Cinnamon citadel has 26 Deluxe rooms and 93 superior rooms. The Citadel accommodates three dining options that cater to palates ranging from Asian and International, through to Continental cuisine. The hotel also offers conference facilities for corporate events, which includes forums, meetings and business conferences. Its Cinnamon Wild is situated 288 kilometers from Colombo, the hotel houses 61 jungle chalets and seven beach chalets. Its Chaaya Tranz Hikkaduwa is built along beaches, which houses 150 rooms. The resort also offers pool and conference facilities, as well as the Spa.
Chairman: Mr S.C. Ratnayake
Board of Directors:
Mr A.D. Gunewardene
Mr J.R.F. Peiris
Mr J.E.P. Kehelpannala
Mr R.T. Wijesinha
Mr N.B. Weerasekera
Mr B.J.S.M. Senanayake
Mr T.L.F.W. Jayasekara (Non-Executive Director)
52 Weeks Low: 10.20 52 Weeks High: 13.70
Average Trading Volume: 23,410
Company Financial at a glance:
Notes:
1. On 29th June 2006 Share holders approved to sub divide each existing Ordinary Voting shares into 10 shares. (Par value of the Ordinary Shares of the Company has been reduced from Rs. 10/- to Rs. 1/)
2. 494,413,675 ordinary shares of the company were allotted on 28-06-2007, pursuant to a Rights Issue in the proportion of 5:6 @ Rs. 5.75
3. 364,036,695 ordinary shares of the company were listed on 15-04-2010, pursuant to a Rights Issue in the proportion of 1:3 @ Rs. 10.00.
Total shares in Issue: 1,456,146,780
1. On 29th June 2006 Share holders approved to sub divide each existing Ordinary Voting shares into 10 shares. (Par value of the Ordinary Shares of the Company has been reduced from Rs. 10/- to Rs. 1/)
2. 494,413,675 ordinary shares of the company were allotted on 28-06-2007, pursuant to a Rights Issue in the proportion of 5:6 @ Rs. 5.75
3. 364,036,695 ordinary shares of the company were listed on 15-04-2010, pursuant to a Rights Issue in the proportion of 1:3 @ Rs. 10.00.
Total shares in Issue: 1,456,146,780
Top 20 Shareholders as at 31/12/2013
The percentage of Shares held by the Public as at 31st December 2013 was 19.64%.
The percentage of Foreign Holding as at 28th February 2014 was 0.00%
29 Instances Of A Major World Stock Market Shut down
Turmoil on the Russia-Ukraine border has investors and traders running various scenarios, including worst-case scenarios.
"Russia’s first recorded stock market came into existence in 1810 but shut down in July 1914 at the start of World War I," noted Morgan Stanley's Jonathan Garner. "The stock market reopened for two months in 1917 before shut down again after the 1917 revolution. It did not re-open until January 1992."
Here's a list of some notable stock market shut downs from Garner.
Source:http://www.businessinsider.com/
Not that anyone is saying this is likely today, but a shut down of the Russian stock market
isn't unprecedented.
isn't unprecedented.
"Russia’s first recorded stock market came into existence in 1810 but shut down in July 1914 at the start of World War I," noted Morgan Stanley's Jonathan Garner. "The stock market reopened for two months in 1917 before shut down again after the 1917 revolution. It did not re-open until January 1992."
Here's a list of some notable stock market shut downs from Garner.
Wednesday, 26 March 2014
Quote for the day
"Analysis is not that hard, but how much to buy, when to buy, knowing what to do, knowing when to sell when you have made a legitimate mistake is a harder thing and you can learn through experience when you have the right psychological makeup in the first place." - Seth Klarman
26-Mar-2014 CSE Trade Summary
Following Stocks Reached New High / Low on 26/03/2014
Crossings - 26/03/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_814_26-03-2014.pdf
Top 10 Gainer / Loser / Turnover / Volume for the day
Foreign Activity for the day
Company Fact Sheet: MTD Walkers PLC - KAPI:N0000
About the company:
Established: 1981 Quoted Date: 1983-01-01 Sector: Construction & Engineering
Chairman: Dato Azmil Khalili Bin Khalid
Board of Directors:
Mr Jehan Prasanna Amarathunga
Mr Keith George Cowling
Mr Leong Yow Lee
Mr Albert Rasakantha Rasiah
Mr Niranjan Joseph De Silva Deva Aditya
Mr Hewawasamge Ravindranath Srilal Wijeratne
52 Weeks Low: 22.10 52 Weeks High: 36.60
Average Trading Volume: 20,580
Company Financial at a glance:
Notes:
1. 10,020,999 ordinary shares of the company were listed on 24-01-2011, pursuant to a Rights Issue in the proportion of 19:1 @ Rs. 33.00
Total shares in Issue: 114,357,140
1. 10,020,999 ordinary shares of the company were listed on 24-01-2011, pursuant to a Rights Issue in the proportion of 19:1 @ Rs. 33.00
Total shares in Issue: 114,357,140
Top 20 Shareholders as at 31/12/2013
The percentage of Shares held by the Public as at 31st December 2013 was 9.22%.
The percentage of Foreign Holding as at 28th February 2014 was 91.50%
Quote for the day
"What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower." - William O'Neil
Tuesday, 25 March 2014
25-Mar-2014 CSE Trade Summary
Following Stocks Reached New High / Low on 25/03/2014
25/03/2014 - Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_395_25-03-2014.pdf
Top 10 Gainer / Loser / Turnover / Volume for the day
Foreign Activity for the day
Company Fact Sheet: Nations Trust Bank PLC - NTB:N0000
About the company:
Established: 1999 Quoted Date: 1999-05-03 Sector: Banks Finance & Insurance
Nations Trust Bank PLC (the Bank) is a Sri Lanka-based banking company. The principal activities of the Bank are commercial, personal and private banking, trade services, leasing, factoring, treasury and capital market services, and fee-based activities. The Bank operates in seven segments: Retail and SME Banking, Corporate Banking, Leasing, Treasury functions, Investment Banking, Insurance Broking and Property Management. The principal activities of the Bank's subsidiaries, including Waldock Mackenzie Limited, Allied Properties Limited, Mercantile Leasing (Financial Services) Limited and Nations Insurance Brokers Limited are carrying out margin trading, money market operations and fund and fee-based activities, property rental, managing an operating leases portfolio and insurance broking, respectively.
Chairman: Mr A.K. Gunaratne
CEO: Ms R. N. K. Fernando
Board of Directors:
Mr M.E. Wickremesinghe (Senior Director)
Mr A.R. Rasiah
Mr C.H.S.K. Piyaratna
Dr. (Ms.) D. Weerakoon
Mr K.N.J. Balendra
Mr Murtaza Jafferjee
Dr. Kemal de Soysa
Mr D. Prasanna De Silva
Ms. N.S. Panditaratne
Mr K.O.V.S.M.S. Wijesinghe
52 Weeks Low: 57.00 52 Weeks High: 69.00
Average Trading Volume: 38,620
Company Financial at a glance:
Notes:
1. Merger of Operations of Mercantile Leasing limited: On 1st January 2006, Nations Trust Bank Limited (NTB) merged its operations with the primary business operations of leasing and factoring of Mercantile Leasing Limited (MLL) by issuing 40,786,004 ordinary shares of NTB at the price of Rs 26.15 per share. Mercantile Leasing Limited (MLL) had investments in three wholly owned subsidiaries namely Allied Properties Limited , Mercantile Leasing (Financial Services) Limited and MLL Insurance Brokers Limited.
2. 41,928,668 ordinary shares of the company were listed on 04-03-2008, pursuant to a Rights Issue in the proportion of 1:3 @ Rs. 25.00 combined with 2010 warrants : 41,928,668 (Exercise Price: Rs. 30.00) & 2011 warrants: 20,963,943 (Exercise Price: Rs. 35.00).
3. 41,928,668 Ordinary Shares of the company were listed on 26th March 2010, pursuant to the conversion of 2010 warrants.
4. 20,963,943 Ordinary Shares of the company were listed on 30th March 2011, pursuant to the conversion of 2011 warrants.
1. Merger of Operations of Mercantile Leasing limited: On 1st January 2006, Nations Trust Bank Limited (NTB) merged its operations with the primary business operations of leasing and factoring of Mercantile Leasing Limited (MLL) by issuing 40,786,004 ordinary shares of NTB at the price of Rs 26.15 per share. Mercantile Leasing Limited (MLL) had investments in three wholly owned subsidiaries namely Allied Properties Limited , Mercantile Leasing (Financial Services) Limited and MLL Insurance Brokers Limited.
2. 41,928,668 ordinary shares of the company were listed on 04-03-2008, pursuant to a Rights Issue in the proportion of 1:3 @ Rs. 25.00 combined with 2010 warrants : 41,928,668 (Exercise Price: Rs. 30.00) & 2011 warrants: 20,963,943 (Exercise Price: Rs. 35.00).
3. 41,928,668 Ordinary Shares of the company were listed on 26th March 2010, pursuant to the conversion of 2010 warrants.
4. 20,963,943 Ordinary Shares of the company were listed on 30th March 2011, pursuant to the conversion of 2011 warrants.
Total shares in Issue: 230,607,283
Top 20 Shareholders as at 31/12/2013
The percentage of Shares held by the Public as at 31st December 2013 was 79.85%.
The percentage of Foreign Holding as at 28th February 2014 was 11.83%
Quote for the day
"Too many people assume they are making decisions based on what they know, but often times their decisions are based on what they think they know but really don’t." - Barry Ritholtz
Monday, 24 March 2014
24-Mar-2014 CSE Trade Summary
Following Stocks Reached New High / Low on 24/03/2014
24/03/2014 - Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_281_24-03-2014.pdf
Top 10 Gainer / Loser / Turnover / Volume for the day
Foreign Activity for the day
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